Published on 2/3/2015 in the Prospect News Structured Products Daily.
New Issue: BofA prices $3.45 million Accelerated Return Notes on Merrill Lynch Commodity index eXtra
By Toni Weeks
San Luis Obispo, Calif., Feb. 3 – Bank of America Corp. priced $3.45 million of 0% Accelerated Return Notes due Jan. 27, 2017 linked to the Merrill Lynch Commodity index eXtra Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, capped at 21.9%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
Issuer: | Bank of America Corp.
|
Issue: | Accelerated Return Notes
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Underlying index: | Merrill Lynch Commodity index eXtra Excess Return
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Amount: | $3,449,270
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Maturity: | Jan. 27, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 21.9%; 1% loss for every 1% decline
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Initial index level: | 288.3839
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Pricing date: | Jan. 29
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Settlement date: | Feb. 5
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Underwriters: | Merrill Lynch & Co.
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Fees: | 2%
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Cusip: | 06053M799
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